College Accounting, Chapters 1-27
23rd Edition
ISBN: 9781337794756
Author: HEINTZ, James A.
Publisher: Cengage Learning,
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Question
Chapter 23, Problem 3MC
To determine
Classify the payment of interest on a notes payable as operating, investing, or financing activities of statement of
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Students have asked these similar questions
The issuance of notes payable is classified in the statement of cash flows as a(n): a. Operating activity.b. Investing activity.c. Financing activity.d. Noncash activity.
Interest payments to creditors are
reported in a statement of cash flows
as
Select one:
a. An operating activity
b. An investing activity
c. A borrowing activity
d. A financing activity
Classify the following cash flows as either operating (O), investing (I), or financing (F) activities. Paid cash interest on outstanding notes.
Chapter 23 Solutions
College Accounting, Chapters 1-27
Ch. 23 - True/False The purpose of the statement of cash...Ch. 23 - Investing activities are those transactions...Ch. 23 - An increase in accounts receivable is deducted...Ch. 23 - Prob. 4TFCh. 23 - Prob. 5TFCh. 23 - Prob. 1MCCh. 23 - Prob. 2MCCh. 23 - Prob. 3MCCh. 23 - Prob. 4MCCh. 23 - Prob. 5MC
Ch. 23 - Prob. 1CECh. 23 - Prob. 2CECh. 23 - Prob. 3CECh. 23 - Prob. 4CECh. 23 - Prob. 5CECh. 23 - Prob. 6CECh. 23 - Prob. 7CECh. 23 - Prob. 8CECh. 23 - Prob. 1RQCh. 23 - Prob. 2RQCh. 23 - Prob. 3RQCh. 23 - Prob. 4RQCh. 23 - Prob. 5RQCh. 23 - Prob. 6RQCh. 23 - Prob. 7RQCh. 23 - Prob. 8RQCh. 23 - Prob. 9RQCh. 23 - Prob. 10RQCh. 23 - Prob. 11RQCh. 23 - Prob. 12RQCh. 23 - Prob. 13RQCh. 23 - Prob. 14RQCh. 23 - Prob. 15RQCh. 23 - Prob. 16RQCh. 23 - Prob. 17RQCh. 23 - Prob. 18RQCh. 23 - Prob. 19RQCh. 23 - Prob. 20RQCh. 23 - Prob. 21RQCh. 23 - SERIES A EXERCISES IDENTIFICATION OF OPERATING,...Ch. 23 - CHANGE IN CASH AND CASH EQUIVALENTS Olsen Companys...Ch. 23 - Prob. 3SEACh. 23 - Prob. 4SEACh. 23 - GAINS AND LOSSES ON THE SALE OF LONG-TERM ASSETS...Ch. 23 - Prob. 6SEACh. 23 - Prob. 7SEACh. 23 - CASH PAID FOR INTEREST Ball Companys income...Ch. 23 - Prob. 9SPACh. 23 - Prob. 10SPACh. 23 - COMPUTE CASH PROVIDED BY OPERATING ACTIVITIES Horn...Ch. 23 - EXPANDED STATE MENT OF CASH FLOWS Financial...Ch. 23 - Prob. 1SEBCh. 23 - Prob. 2SEBCh. 23 - Prob. 3SEBCh. 23 - Prob. 4SEBCh. 23 - Prob. 5SEBCh. 23 - Prob. 6SEBCh. 23 - Prob. 7SEBCh. 23 - Prob. 8SEBCh. 23 - Prob. 9SPBCh. 23 - Prob. 10SPBCh. 23 - COMPUTE CASH PROVIDED BY OPERATING ACTIVITIES...Ch. 23 - EXPANDED STATEMENT OF CASH FLOWS Financial...Ch. 23 - MANAGING YOUR WRITING Direct Method A friend of...Ch. 23 - MASTERY PROBLEM Financial statements for...Ch. 23 - CHALLENGE PROBLEM The long-term liabilities...
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Similar questions
- Describe three examples of financing activities, and identify whether each of them represents cash collected or cash spent.arrow_forwardClassify the following cash flows as either operating (O), investing (I), or financing (F) activities. Received cash interest on a note.arrow_forwardIdentify whether each of the following would be reported as an operating, investing, or financing activity on the statement of cash flows:a. Purchase of investmentsb. Purchase of equipmentc. Payment for selling expensesd. Collection of accounts receivablee. Cash received from customersf. Issuance of bonds payablearrow_forward
- Paying off bonds payable is reported on the statement of cash flows undera. noncash investing and financing activities.b. financing activities.c. operating activities.d. investing activities.arrow_forwardClassifying Cash Flows Identify whether each of the following would be reported as an operating, investing, or financing activity on the statement of cash flows: a. Purchase of investments b. Disposal of equipment c. Payment for selling expenses d. Collection of accounts receivable e. Cash sales f. Issuance of bonds payablearrow_forwardClassifying Cash Flows Identify whether each of the following would be reported as an operating, investing, or financing activity on the statement of cash flows: a. Purchase of investments b. Purchase of equipment c. Payment for selling expenses d. Collection of accounts receivable e. Cash received from customers f. Issuance of bonds payablearrow_forward
- Which of the following accounts would be found in the Financing Activities section of the statement of cash flows? a.Inventory b.Income Taxes Payable c.Accounts Receivable d.Dividendsarrow_forwardFrom the following identify the line items that appear in the section of cash flow from financing activities in the cash flow statement: I. Sale of a non-current asset II. Payment of bonds payable III. Dividend paid IV. Proceeds from disposal of investment V. Issuance of debtarrow_forwardWhich of the following would be classified as an investing activity on the statement of cash flows: a) Sale of PP&E. b) Sale of inventory. c) Proceeds from borrowing. d) Payment to lendersarrow_forward
- 7. Interest received by a finance company is classified under which kind of activity while preparing a Cash Flow Statement ? (a) Cash Flow from Operating Activities (b) Investing Activities (c) Financing Activities (d) Cash Equivalentarrow_forwardAccounts Receivable will appear on which of the following financial statements?a. Income statementb. Statement of retained earningsc. Balance sheetd. Statement of cash flowsarrow_forwardIn a statement of cash flows prepared under IFRS, interest paid a. Must be classified as an operating cash flow. b. Can be classified as either an operating cash flow or an investing cash flow. c. Can be classified as either an operating cash flow or a financing cash flow. d. Can be classified as either an investing cash flow or a financing cash flow.arrow_forward
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